The continuous plastic shock went lower, and the trading volume was significantly amplified

News: PE imports and exports rebounded slightly in November 2018, with imports of 1.
187 million tons
.
It increased by 0.
42% month-on-month and 10.
87%
year-on-year.
Among them, LDPE imports were 251,000 tons, HDPE imports were 554,000 tons, and LLDPE imports were 382,000 tons
.
The total export volume of PE is 23,000 tons
.
Among them, the export volume of LDPE is 04,000 tons, the export volume of HDPE is 15,000 tons, and the export volume of LLDPE is 04,000 tons
.

Raw material price: naphtha CF Japan reported 466.
88 US dollars / ton, -1.
74%; FOB Singapore is trading at $49.
53/b, -0.
36%.

ethylene CFR Northeast Asia 940 USD/ton, +0%; CFR Southeast Asia is trading at $830/mt, +0%.

Spot price: Southeast Asia quoted $1040, -0%; Far East reported $1020/mt, +0%.

Domestic price: North China Daqing reported 9300 yuan, -0%; East China Yuyao reported 9350 yuan, -0%; South China Guangzhou 9350 yuan, -0%; Northwest Dushanzi 9450 yuan, -0%.

The Liansu 1905 contract fluctuated lower, the trading volume was significantly enlarged, and the position volume also increased
slightly.
Fundamentally, ethylene stopped falling and stabilized to form some support for prices, but the weak trend of crude oil hit market confidence
.

Technically, the MACD axis is flat, the red column is shorter, the KDJ indicator turns downward at a high level, indicating that the rebound or has ended, and the market pays attention to the support of the 8440 line
.
Operationally, investors can sell short
positions lightly on a rebound.